Articles Tagged with Fraud

Laurie BraulickPublic records published by the Financial Industry Regulatory Authority (FINRA) on June 10, 2016 indicate that Minnesota-based Capital Financial Services broker/adviser Laurie Braulick has settled or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Braulick (CRD# 1568481).

Laurie Braulick has spent 28 years in the securities industry and has been registered with Capital Financial Services in New Ulm, Minnesota since 2003. She was previously registered with Arm Securities Corporation in Minot, North Dakota (1988-2003). She is a registered broker and investment adviser with 17 US states and territories: Arizona, California, Colorado, Florida, Iowa, Michigan, Minnesota, Missouri, New York, North Dakota, Ohio, Pennsylvania, South Dakota, Texas, Utah, Washington, and Wisconsin. Continue Reading

James ApplewhitePublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 7, 2016 indicate that North Carolina-based BB&T Securities broker/adviser James Applewhite II has been the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Applewhite (CRD# 1209709).

James Applewhite has spent 32 years in the securities industry and has been registered with BB&T Securities in Raleigh, North Carolina since 2013. Previous registrations include Scott & Stringfellow in Raleigh, North Carolina; Wells Fargo Advisors in Raleigh, North Carolina; First Union Brokerage Services in Charlotte, North Carolina; Barnett Investments in Jacksonville, Florida; FN Investment Center in Sacramento, California; Planned Management Company in Charlotte, North Carolina; JMC Investment Services in Boston, Massachusetts; Spear Investment Services; and First Investors Corporation. Continue Reading

David Ledoux Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 6, 2016 indicate that Florida-based Westpark Capital broker David Ledoux has been the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Ledoux (CRD# 2513636).

David Ledoux has spent 21 years in the securities industry and has been registered with Westpark Capital in Boca Raton, Florida since 2014. Previous registrations include National Securities Corporation in Boca Raton, Florida (2001-2014); FAS Wealth Management Services in Sarasota, Florida (1998-2001); and Biltmore Securities, which has since been expelled by FINRA, in Ft. Lauderdale, Florida (1994-1998). He is a registered broker with 13 US states and territories: California, Connecticut, Florida, Idaho, Iowa, Maryland, Minnesota, Nebraska, New Jersey, New York, Oklahoma, Pennsylvania, and Texas. Continue Reading

Timothy TremblayPublicly available records published by the Financial Industry Regulatory Authority (FINRA) on June 6, 2016 indicate that California-based Centaurus broker/adviser Timothy Tremblay has received more than a dozen customer complaints. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Mr. Tremblay (CRD# 1201542).

Timothy Tremblay has spent 32 years in the securities industry and has been registered with Centaurus Financial in Santa Barbara and Westlake Village, California since 2003. Previous registrations include Washington Square Securities in Des Moines, Iowa (1997-2003); Cruttenden Roth in Newport Beach, California (1995-1997); Smith Barney in New York, New York (1993-1995); Prudential Securities in New York, New York (1983-1993); and Painewebber Incorporated (1986). He is a registered broker and investment adviser in 12 US states and territories: Arizona, California, the District of Columbia, Illinois, Kansas, New Mexico, New York, North Carolina, Pennsylvania, Tennessee, Texas, and Washington. Continue Reading

Cynthia CowdenPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 2, 2016 indicate that California-based NPB Financial Group broker Cynthia Cowden, also known as Cynthia Case, has been the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Ms. Cowden (CRD# 2054676).

Cynthia Cowden has spent 25 years in the securities industry and has been registered with NPB Financial Group in Lake Isabella, California since 2013. Previous registrations include Tricor Financial in Lake Isabella, Florida; Next Financial Group in Lake Isabella, Florida; Advantage Capital Corporation in Atlanta, Georgia; Protective Equity Services in Birmingham, Alabama; and NYLife Securities in New York, New York. She is a registered broker with twelve US states: Arizona, California, Colorado, Indiana, Michigan, Missouri, Nevada, New Hampshire, New Jersey, North Carolina, South Carolina, and South Dakota. Continue Reading

EB-5 Investor Visa ProgramThe securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding EB-5 related securities.

The EB-5 Investor Visa Program, established by Congress in 1990, allows foreign nationals to qualify for permanent resident status in the US by making investments of at least $1,000,000 in new commercial enterprises that create jobs, according to a FINRA letter published in 2013. EB-5 investments are often structured as private placements of unregistered securities. Given their special status, FINRA requires broker-dealers to document heightened reasonable basis and customer-specific suitability analyses for EB-5 investments than for non-EB-5 investments. Specifically, broker-dealers must examine the immigration compliance features of such investments—for instance, whether they create jobs—and also to weigh the “visa motivations” of potential investors, in addition to its normal suitability analyses. Continue Reading

Jay PeakAccording to a release published in April 2016, the Securities and Exchange Commission (SEC) has announced fraud charges and an asset freeze against a Vermont-based ski resort and associated businesses. According to the SEC, the businesses allegedly misused “millions of dollars raised through investments solicited under the EB-5 Immigrant Investor Program.”

The SEC named two businessmen, Ariel Quiros and William Stenger, who allegedly made false statements and omitted “key information” when they raised more than $350,000,000 to construct a ski resort and a biomedical research facility in Vermont. Investors were allegedly “told they were investing in one of several projects connected to Jay Peak Inc., a ski resort operated by Quiros and Stenger, and their money would only be used to finance that specific project.” According to the SEC, the funds were in fact used to “fund deficits in earlier projects,” in a scheme resembling a Ponzi scheme. Continue Reading

John TowersPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 25, 2016 indicate that former Texas-based VSR Financial Services broker John Towers has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Towers (CRD# 700221).

John Towers has spent 43 years in the securities industry and was most recently registered with VSR Financial Services in Plano, Texas (2002-2013). Previous registrations include Rushmore Securities Corporation in Dallas, Texas (2001-2002); Northstar Securities in Dallas, Texas (1998-2001); and Dominion Capital Corporation in Dallas, Texas (1991-1998). Mr. Towers is currently not registered with any state or firm. Continue Reading

Peyton Jackson Public records provided by the Financial Industry Regulatory Authority (FINRA) on May 24, 2016 indicate that former New York-based Alexander Capital broker Peyton Jackson is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Jackson (CRD# 1988387).

Peyton Jackson has spent 25 years in the securities industry and was most recently registered with Alexander Capital in New York, New York (2012-2015). Previous registrations include Legend Securities in New York, New York; Dawson James Securities in Baltimore, Maryland; McKim Capital in Alexandria, Virginia; Morgan Stanley DW in Purchase, New York; AG Edwards & Sons in St. Louis, Missouri; Tamaron Investments in Englewood, Colorado; and JW Gant & Associates. He is currently not registered with any state or firm. Continue Reading

Niraj BhandariPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 17, 2016 indicate that Georgia-based Morgan Stanley broker/adviser Niraj Bhandhari has been the subject of a customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Bhandari (CRD# 2566976).

Niraj Bhandari has spent 20 years in the securities industry and has been registered with Morgan Stanley in Atlanta, Georgia since 2014. Previous registrations include H&W Strategic Partners in Atlanta, Georgia; Purshe Kaplan Sterling Investments in Atlanta, Georgia; FSC Securities Corporation in Atlanta, Georgia; Triad Advisors in Atlanta, Georgia; Securities America in Atlanta, Georgia; Cap Pro Brokerage Services in Columbus, Ohio; and Allmerica Investments in Worcester, Massachusetts. Continue Reading

Contact Information